Iran outlines oil productive capacity

Journal Article · Mon Nov 09 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:7026410

National Iranian Oil Co. (NIOC) tested production limits last month to prove a claim of 4 million bd capacity made at September's meeting of the organization of Petroleum Exporting Countries. Onshore fields account for 3.6 million bd of the total, with offshore fields providing the rest. NIOC plans to expand total capacity to 4.5 million bd by April 1993, consisting of 4 million b/d onshore and 500,000 b/d offshore. Middle East Economic Survey says questions remain about completion dates for gas injection, drilling, and offshore projects, but expansion targets are attainable within the scheduled time. NIOC said some slippage may be unavoidable, but it is confident the objective will be reached by third quarter 1993 at the latest. More than 60 rigs are working or about to be taken under contract to boost development drilling in onshore fields and provide gas injection in some. NIOC has spent $3.2 billion in foreign exchange on the drilling program in the last 2 1/2 years.

• OSTI ID: 7026410
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:44; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
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ASIA
CONTRACTS
DEVELOPING COUNTRIES
DRILLING
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
EXPORTS
FLUID INJECTION
FOSSIL FUELS
FUELS
GAS INJECTION
INDUSTRY
IRAN
MIDDLE EAST
OFFSHORE OPERATIONS
OIL WELLS
PETROLEUM
PETROLEUM INDUSTRY
PLANNING
SURVEYS
TRADE
WELL DRILLING
WELLS